Brazil's BRF misses forecasts with $26 million Q3 loss [Reuters]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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ir.brf-global.com
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Source: Reuters
SAO PAULO, Nov 9 (Reuters) - Brazilian food processor BRF SA (BRFS3.SA) on Wednesday posted a net loss that narrowed in the third quarter while still missing analysts' hopes of a small profit, dragged by higher costs of debt amid surging interest rates. BRF, which sells pork and poultry across Latin America, Asia, Africa and the Middle East, reported a quarterly net loss of 137 million reais ($26 million), compared to a 277 million reais loss a year earlier. Analysts polled by Refinitiv had projected a 64.8 million real profit. BRF said its results were weighed by high interest rates that pushed up the cost of its debt. Interest on loans and financing reached 474 million reais, it said, up 25.3% from a year earlier, it said. BRF's adjusted earnings before interest, tax, depreciation and amortization (EBITDA) landed at 1.4 billion reais, in line with a 1.42 billion real estimate. Latest Updates Binance deal for FTX collapses, crypto worries mount Meta cuts 11,000 jobs as
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BRFS
News
- BRF filed its Annual Report on Form 20-FPR Newswire
- Is BRF (BRFS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- 22nd Century, Coffee Holding among Consumer Staples movers [Seeking Alpha]Seeking Alpha
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $3.10 price target on the stock, up previously from $1.90.MarketBeat
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
BRFS
Sec Filings
- 4/25/24 - Form 6-K
- 4/19/24 - Form 20-F
- 4/19/24 - Form 6-K
- BRFS's page on the SEC website